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Tag Archives: Bureau of Labor Statistics

Data Shows April Was Prosperous For Housing

In the NAHB's Eye on Housing blog, Crowe cited a number of positive housing statistics that indicate that April was a prosperous month for the industry in spite of the U.S. economy contracting at an annualized rate of minus 7 percent in Q1. The lack of economic growth in Q1 did nothing to damper economists' predictions about housing recovery for 2015, however, largely because of strong April numbers.

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Housing Market Will Benefit From Increased Job Gains, Economists Say

Revised, employment gains for March and April were a combined 32,000 more than previously reported (March's job gains were revised from 85,000 up to 119,000, and April's were revised down slightly from 223,000 to 221,000). With approximately 3.01 million jobs added in the last year and the job situation seemingly recovered from a disappointing March, the housing market may be reaping the benefits later in the year, according to analysts.

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Analyst Says Nation’s 5.6 Percent Unemployment Rate is Misleading

While the Obama Administration is touting monthly job gains consistently averaging more than 200,000 and a labor market that they say is at its healthiest level since the turn of the century, at least one analyst says that the recently reported national unemployment rate of 5.6 percent may not be telling the complete story.

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Unemployment Rate Falls, Payrolls Increase in Most Metro Areas

Continued labor market improvements may bode well for the housing market for the coming year, since housing relies on steady nationwide employment to flourish, according to some economists' predictions. The national unemployment rate continues to drop – December's rate of 5.4 percent is a decline of 1.1 percentage points from the same month a year earlier.

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Unemployment Rate Falls in 42 States Monthly in December

The latest improvements in regional and state employment statistics across the United States are keeping in line with the latest drop in the nation's unemployment rate (down to 5.6 percent in December) – and in line with analysts' assessments of consistently improving economic and labor conditions.

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Fannie Mae Economist Says Latest Job Data Might Not Be Good News For Housing

The U.S. labor market reported a strong gain of 252,000 jobs on the payrolls for December in data released by the Bureau of Labor Statistics (BLS) on Friday. December's job gain was close to 2014's average monthly increase and 2014 was the best year of job growth in the U.S. since 1999. According to Fannie Mae Chief Economist Doug Duncan, the underlying data may not be so encouraging for the housing market, however.

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